Core Viewpoint - A class action securities lawsuit has been filed against ZoomInfo Technologies Inc. alleging securities fraud that affected investors between November 10, 2020, and August 5, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that ZoomInfo's financial results were artificially inflated due to temporary demand increases caused by the COVID-19 pandemic [2]. - It is alleged that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [2]. - The company is accused of employing manipulative auto-renew policies and threats of litigation to retain customers against their will [2]. - These coercive tactics reportedly harmed customer relationships and created a hidden demand cliff for future contract renewals [2]. - As a result of these actions, ZoomInfo's reported revenues, operating income, and customer retention metrics were significantly overstated [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until November 4, 2024, to request to be appointed as lead plaintiff in the case [3]. - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - The article discusses a class action lawsuit against ZoomInfo Technologies Inc. due to alleged misleading statements and failure to disclose adverse facts regarding the company's business and financial performance during the Class Period from November 10, 2020, to August 5, 2024 [1][5]. Group 1: Financial Performance - On August 5, 2024, ZoomInfo reported its Q2 2024 financial results, which missed revenue and earnings expectations, and lowered its full-year guidance for revenue, adjusted operating income, and free cash flow [3]. - The company incurred a $33 million charge related to non-payments by customers and announced a new business risk model to address elevated write-offs [3]. Group 2: Stock Market Reaction - Following the financial results announcement, ZoomInfo's stock price fell by $1.79, or 10.3%, closing at $8.01 per share on August 6, 2024 [4]. Group 3: Allegations in the Class Action - The class action complaint alleges that ZoomInfo's financial results were temporarily inflated due to the COVID-19 pandemic, and that many customers were reducing or abandoning the use of the company's products [5]. - It is claimed that ZoomInfo employed manipulative auto-renew policies and coercive tactics that damaged customer relationships and created a hidden demand cliff for future contract renewals [5]. - The complaint also states that a significant portion of accounts receivable was from high-risk small business customers, and that the allowance for credit losses was inadequate, leading to misleading positive statements about the company's prospects [5].

NEW YORK, Sept. 16, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/? id=102422&from=4 CLASS PERIOD ...

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Western District of Washington on behalf of those who acquired ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") (NASDAQ: ZI) securities during the period of November 10, 2023 to August 5, 2024, inclusive ("the Class Period"). Investors have until November 4, 2024 to apply to the Court to be appointed as lead plaintiff in the ...

NEW YORK, Sept. 13, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in ZoomInfo Technologies Inc. ("ZoomInfo Technologies Inc." or the "Company") (NASDAQ: ZI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ZoomInfo Technologies Inc. investors who were adversely affected by alleged securities fraud between November 10, 2020 and August 5, 2024. Follow the link below to get more information and be contacted by a member of our team: https:/ ...

NEW YORK, Sept. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=101888&from=4 CLASS PERIOD: ...

Core Viewpoint - A class action securities lawsuit has been filed against ZoomInfo Technologies Inc. alleging securities fraud that affected investors between November 10, 2020, and August 5, 2024 [1] Group 1: Allegations of the Lawsuit - The lawsuit claims that ZoomInfo's financial results were temporarily inflated due to the COVID-19 pandemic, which created a false demand for its database services [2] - It is alleged that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [2] - The company reportedly employed manipulative auto-renew policies and threats of litigation to retain customers against their will [2] - These coercive tactics are said to have harmed customer relationships and created a hidden demand cliff for future contract renewals [2] - As a result of these actions, ZoomInfo's reported revenues, operating income, and customer retention metrics were materially overstated [2] Group 2: Next Steps for Affected Investors - Investors who suffered losses during the specified period have until November 4, 2024, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing significant settlements for shareholders and has been recognized as a top securities litigation firm in the United States [4]

SAN FRANCISCO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Prominent provider of customer analytics and intelligence to sales and marketing teams, ZoomInfo came under intense scrutiny by investors and analysts again after turning in another dismal earnings report as seen by the recent class action lawsuit filing. Hagens Berman urges ZoomInfo Technologies Inc. (NASDAQ: ZI) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in ...

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=101251&from=3 CLASS PER ...

NEW YORK, Sept. 7, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Class A common stock of ZoomInfo Technologies, Inc. (NASDAQ: ZI) between November 10, 2020 and August 5, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 4, 2024. So what: If you purchased ZoomInfo Class A co ...